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P&C Updates - March 29, 2022
AWAC / Protek Medical Sales
Vantapro Specialty Insurance Company introduced their new Protek Medical Device Sales and Service Program effective February 2022. This product includes coverage for General Liability, Property, Inland Marine, and Crime.
(Fees may apply)
State National / Cyber
National Specialty Insurance Company increased rates 43.60% overall to their Stand-alone Cyber Liability Program effective March 2022 in Indiana and Utah. Changes were made to Ransom Payments Coverage Rates, Social Engineering Coverage Rates, Increased Limit Factors, Minimum Premiums, and to add a new individual risk premium modification rule.
(Fees may apply)
Chubb / Multiemployer Plan
Federal Insurance Company introduced their new Multiemployer Plan Fiduciary Liability Product effective March 2022. This program is designed for multiemployer plans, multiple employer plans, multiple employer welfare arrangements, voluntary employees beneficiary associations, and other similar plans.
(Fees may apply)
Vantage Risk / Excess Mgmt.
Vantage Risk Assurance Company introduced their new Excess Management Liability and Financial Institutions Program effective March 2022. This product provides coverage excess of underlying insurance for Directors & Officers Liability, Miscellaneous Professional, Employment Practices Liability, Fiduciary Liability, Crime and Cyber.
(Fees may apply)